Public notice method of NPOs
NPOs are required to submit a business report, etc. to the competent authority within three months after the end of each fiscal year, but it is also necessary to make a public announcement of the balance sheet.
The method of public notice of an NPO must be stipulated in its articles of incorporation.
Public notice methods include electronic public notices on NPO websites, etc., publication in official gazettes, and publication in daily newspapers.
Publication in official gazettes and daily newspapers is costly, so it is necessary to take this into account when drafting the articles of incorporation.
In addition, regardless of the provisions in the articles of incorporation, public notices to creditors in the event of dissolution of an NPO and advertisements to the effect that a petition for the commencement of bankruptcy proceedings has been filed must also be made in official gazettes.